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Chrysler first-quarter profits down
Mon, 29 Apr 2013Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.
Bentley Birkin Mulsanne Limited Edition revealed – just 22 being built
Tue, 14 Jan 2014Bentley Birkin Mulsanne Limited Edition – just 22 being built Even Bentley aren’t immune from the lure of creating Limited Edition cars to garner extra sales and revenue, so say hello to a car Bentley say is the pinnacle of British Luxury Motoring – the Bentley Birkin Mulsanne Limited Edition. Inspired by Tim Birkin – one of the fabled Bentley Boys – the Birkin Mulsanne comes with a number of cosmetic tweaks, extra equipment as standard and a set ofd bespoke luggage to make it stand out from the ‘regular’ Mulsanne. The extra equipment includes Mulliner Driving Specification which adds in a ‘Sport’ setting as well as the traditional quilted upholstery, leather headlining and knurled detailing on the interior metalwork.
Crunch watch Feb 09: the auto industry in crisis
Mon, 02 Mar 2009By Tim Pollard, Ben Pulman and Ben Whitworth Motor Industry 02 March 2009 18:11 Monday 2 March• The Volkswagen Group announces a 5% rise in sales revenues in the 2008 tax year and a 3% increase in operating profits, up to €6.3 billion. Chairman Martin Winterkorn said the group's multi-brand strategy and low CO2 cars had helped sustain sales, although he admitted that 2009 would see a fall in demand and revenues (Volkswagen) Friday 27 February• Jaguar Land Rover announces a significant order for 13,000 cars from a Chinese business. It's a morale boost for JLR which has been hit by a slump in demand with the global slowdown (BBC News)• Opel this afternoon agreed to a restructuring plan designed to save as many jobs and factories as possible – but it needs a €3.3 billion lifeline from the state.